Wait. Full stop. Ann Romney's HORSE nets them a $77,000 tax CREDIT???
July 12, 2012
How any person in the US who makes under a MILLION DOLLARS PER YEAR can even remotely contemplate voting for this clown is a mystery to me. Complete and utter mystery.
Rafalca, the Romney’s Olympics-bound dressage horse, nets the family a $77,000 tax credit, $2,000 of which, according to Current’s calculations, is for what they spent on health care for the horse. The average American family only spends $1,557 a year on health care.
It is really a credit to our citizenry that we have not broken out the guillotine for the 1 percenters yet.
UPDATE: Phew, appears to be a standard business thing where the $77K is a “loss”, not a tax credit. At least, by reading a bit of the commentary around the webs. They can subtract this loss from any future earnings they may get from this money-sink, fun-toy but they aren’t getting a tax credit. That makes me a little less grumpy about it. But still. They can sink a cool $77K into this and not even blink….the comparison to the yearly expenditures of a family of four at the median in the US is still apt.